SHANGHAI, Aug 17 (SMM) –
SHFE 2309 nickel contract opened at 163,330 yuan/mt at the night session on August 16, and closed at 162,300 yuan/mt, down 2,680 yuan/mt. Trading volume dropped by 15,175 lots, and open interest increased by 1,231 lots.
On the macro side, the Indonesian nickel mine investigation may reduce the nickel mine supply, making the SHFE nickel volatile yesterday. On the fundamentals, daily spot market transactions were still weak. The upstream was eager to ship to at lower premiums, but the downstream purchasing sentiment didn’t give a positive response. Overall, it is expected that the subsequent nickel price will shock downward.
![[SMM revue de midi sur le nickel] Les prix du nickel ont fortement rebondi le 3 septembre. Les données ADP sur l'emploi américain d'août ont été étonnamment faibles, refroidissant légèrement les paris sur une hausse des taux en septembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
![[SMM Revue quotidienne du sulfate de nickel] Le marché au comptant est atone le 3 septembre, les prix du sulfate de nickel sont stables](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
